Search Legislation

Council Directive of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (85/611/EEC) (repealed)

 Help about what version

What Version

Close

This is a legislation item that originated from the EU

After exit day there will be three versions of this legislation to consult for different purposes. The legislation.gov.uk version is the version that applies in the UK. The EU Version currently on EUR-lex is the version that currently applies in the EU i.e you may need this if you operate a business in the EU.

The web archive version is the official version of this legislation item as it stood on exit day before being published to legislation.gov.uk and any subsequent UK changes and effects applied. The web archive also captured associated case law and other language formats from EUR-Lex.

Status:

EU Directives are being published on this site to aid cross referencing from UK legislation. After IP completion day (31 December 2020 11pm) no further amendments will be applied to this version.

  1. Introductory Text

  2. SECTION I General provisions and scope

    1. Article 1.. . . . . . . . . ....

    2. Article 1a.. . . . . . . . . ....

    3. Article 2.. . . . . . . . . ....

    4. Article 3.. . . . . . . . . ....

  3. SECTION II Authorization of UCITS

    1. Article 4.. . . . . . . . . ....

  4. SECTION III Obligations regarding management companies

    1. Title A Conditions for taking up business

      1. Article 5.. . . . . . . . . ....

      2. Article 5a.. . . . . . . . . ....

      3. Article 5b.. . . . . . . . . ....

    2. Title B Relations with third countries

      1. Article 5c.. . . . . . . . . ....

    3. Title C Operating conditions

      1. Article 5d.. . . . . . . . . ....

      2. Article 5e.. . . . . . . . . ....

      3. Article 5f.. . . . . . . . . ....

      4. Article 5g.. . . . . . . . . ....

      5. Article 5h.. . . . . . . . . ....

    4. Title D The right of establishment and the freedom to provide services

      1. Article 6.. . . . . . . . . ....

      2. Article 6a.. . . . . . . . . ....

      3. Article 6b.. . . . . . . . . ....

      4. Article 6c.. . . . . . . . . ....

  5. SECTION IIIa Obligations regarding the depositary

    1. Article 7.. . . . . . . . . ....

    2. Article 8.. . . . . . . . . ....

    3. Article 9.. . . . . . . . . ....

    4. Article 10.. . . . . . . . . ....

    5. Article 11.. . . . . . . . . ....

  6. SECTION IV Obligations regarding investment companies

    1. Title A Conditions for taking up business

      1. Article 12.. . . . . . . . . ....

      2. Article 13.. . . . . . . . . ....

      3. Article 13a.. . . . . . . . . ....

    2. Title B Operating conditions

      1. Article 13b.. . . . . . . . . ....

      2. Article 13c.. . . . . . . . . ....

  7. SECTION IVa Obligations regarding the depositary

    1. Article 14.. . . . . . . . . ....

    2. Article 15.. . . . . . . . . ....

    3. Article 16.. . . . . . . . . ....

    4. Article 17.. . . . . . . . . ....

    5. Article 18.. . . . . . . . . ....

  8. SECTION V Obligations concerning the investment policies of UCITS

    1. Article 19.. . . . . . . . . ....

    2. Article 20.. . . . . . . . . ....

    3. Article 21.. . . . . . . . . ....

    4. Article 22.. . . . . . . . . ....

    5. Article 22a.. . . . . . . . . ....

    6. Article 23.. . . . . . . . . ....

    7. Article 24.. . . . . . . . . ....

    8. Article 24a.. . . . . . . . . ....

    9. Article 25.. . . . . . . . . ....

    10. Article 26.. . . . . . . . . ....

  9. SECTION VI Obligations concerning information to be supplied to unit-holders

    1. A. Publication of a prospectus and periodical reports

      1. Article 27.. . . . . . . . . ....

      2. Article 28.. . . . . . . . . ....

      3. Article 29.. . . . . . . . . ....

      4. Article 30.. . . . . . . . . ....

      5. Article 31.. . . . . . . . . ....

      6. Article 32.. . . . . . . . . ....

      7. Article 33.. . . . . . . . . ....

    2. B. Publication of other information

      1. Article 34.. . . . . . . . . ....

      2. Article 35.. . . . . . . . . ....

  10. SECTION VII The general obligations of UCITS

    1. Article 36.. . . . . . . . . ....

    2. Article 37.. . . . . . . . . ....

    3. Article 38.. . . . . . . . . ....

    4. Article 39.. . . . . . . . . ....

    5. Article 40.. . . . . . . . . ....

    6. Article 41.. . . . . . . . . ....

    7. Article 42.. . . . . . . . . ....

    8. Article 43.. . . . . . . . . ....

  11. SECTION VIII Special provisions applicable to UCITS which market their units in Member States other than those in which they are situated

    1. Article 44.. . . . . . . . . ....

    2. Article 45.. . . . . . . . . ....

    3. Article 46.. . . . . . . . . ....

    4. Article 47.. . . . . . . . . ....

    5. Article 48.. . . . . . . . . ....

  12. SECTION IX Provisions concerning the authorities responsible for authorization and supervision

    1. Article 49.. . . . . . . . . ....

    2. Article 50.. . . . . . . . . ....

    3. Article 50a.. . . . . . . . . ....

    4. Article 51.. . . . . . . . . ....

    5. Article 52.. . . . . . . . . ....

    6. Article 52a.. . . . . . . . . ....

    7. Article 52b.. . . . . . . . . ....

  13. SECTION X European Securities Committee

    1. Article 53.. . . . . . . . . ....

    2. Article 53a.. . . . . . . . . ....

    3. Article 53b.. . . . . . . . . ....

  14. SECTION XI Transitional provisions, derogations and final provisions

    1. Article 54.. . . . . . . . . ....

    2. Article 55.. . . . . . . . . ....

    3. Article 56.. . . . . . . . . ....

    4. Article 57.. . . . . . . . . ....

    5. Article 58.. . . . . . . . . ....

    6. Article 59.. . . . . . . . . ....

    1. ANNEXI

      1. SCHEDULE A

        1. 2. Information concerning the depositary:

        2. 3. Information concerning the advisory firms or external investment advisers who...

        3. 4. . . . . . . . . . ....

        4. 5. Other investment information:

        5. 6. Economic information:

      2. SCHEDULE B Information to be included in the periodic reports

        1. I. Statement of assets and liabilities

        2. II. Number of units in circulation

        3. III. Net asset value per unit

        4. IV. Portfolio, distinguishing between:

        5. V. Statement of the developments concerning the assets of the UCITS...

        6. VI. A comparative table covering the last three financial years and...

        7. VII. Details, by category of transaction within the meaning of Article...

      3. SCHEDULE C Contents of the simplified prospectus

        1. Brief presentation of the UCITS

        2. Investment information

        3. Economic information

        4. Commercial information

        5. Additional information

    2. ANNEX II

      Functions included in the activity of collective portfolio management:

      1. . . . . . . . . . ....

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As adopted by EU): The original version of the legislation as it stood when it was first adopted in the EU. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the EU Official Journal
  • lists of changes made by and/or affecting this legislation item
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different versions taken from EUR-Lex before exit day and during the implementation period as well as any subsequent versions created after the implementation period as a result of changes made by UK legislation.

The dates for the EU versions are taken from the document dates on EUR-Lex and may not always coincide with when the changes came into force for the document.

For any versions created after the implementation period as a result of changes made by UK legislation the date will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. For further information see our guide to revised legislation on Understanding Legislation.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources